Counterpoint Tactical Correlations

CPITX Fund

USD 11.29 0.01 0.09%

The current 90-days correlation between Counterpoint Tactical and Counterpoint Tactical Income is 0.88 (i.e., Very poor diversification). The correlation of Counterpoint Tactical is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Counterpoint Tactical Correlation With Market

Modest diversification

The correlation between Counterpoint Tactical Income and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Counterpoint Tactical Income and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Counterpoint Tactical Income. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Counterpoint Mutual Fund

0.86	CPATX	Counterpoint Tactical	Pair Corr
0.99	CPCTX	Counterpoint Tactical	Pair Corr
0.66	BSICX	Blackrock Strategic Opps	Pair Corr
0.71	BASIX	Blackrock Strategic Opps	Pair Corr
0.89	BSIIX	Blackrock Strategic	Pair Corr
0.74	BSIKX	Blackrock Strategic	Pair Corr
0.67	JSORX	Jpmorgan Strategic Income	Pair Corr
0.81	PMZNX	Pimco Mortgage Oppor	Pair Corr
0.77	PMZCX	Pimco Mortgage Oppor	Pair Corr
0.8	PMZAX	Pimco Mortgage Oppor	Pair Corr
0.68	JSOZX	Jpmorgan Strategic Income	Pair Corr
0.69	JSOCX	Jpmorgan Strategic Income	Pair Corr
0.63	PMPIX	Precious Metals Ultr Steady Growth	Pair Corr
0.66	FGPMX	Franklin Gold And	Pair Corr
0.68	FRGOX	Franklin Gold Precious	Pair Corr
0.75	MIDSX	Midas Fund Midas	Pair Corr
0.62	FIJDX	Gold Portfolio Fidelity	Pair Corr
0.77	VHYAX	Vanguard High Dividend	Pair Corr
0.75	POLRX	Polen Growth	Pair Corr
0.7	RSLCX	Smallcap World	Pair Corr
0.76	GMVRX	Goldman Sachs Smallmid	Pair Corr
0.71	VWIAX	Vanguard Wellesley Income	Pair Corr
0.77	NMAVX	Nuance Mid Cap	Pair Corr
0.67	PUFCX	Prudential Financial	Pair Corr
0.8	MSJIX	Morgan Stanley Global	Pair Corr
0.71	DLDCX	Dreyfus Natural Resources	Pair Corr
0.76	WEFIX	Short Duration Income	Pair Corr
0.8	WWICX	Westwood Income Oppo	Pair Corr
0.68	BRUFX	Bruce Fund Bruce	Pair Corr
0.78	MTCCX	Mfs Technology	Pair Corr

Related Correlations Analysis

	CPATX	FCFWX	GDV	TPPAX	AMANX	AMINX	HCMDX	SHYPX	NASDX	DWGFX
CPATX		0.47	0.93	0.79	0.78	0.78	0.29	0.62	0.86	0.59	CPATX
FCFWX	0.47		0.38	0.18	0.23	0.23	0.6	0.51	0.61	0.13	FCFWX
GDV	0.93	0.38		0.81	0.79	0.79	0.28	0.5	0.81	0.69	GDV
TPPAX	0.79	0.18	0.81		0.92	0.93	-0.01	0.47	0.6	0.4	TPPAX
AMANX	0.78	0.23	0.79	0.92		1.0	-0.02	0.58	0.6	0.39	AMANX
AMINX	0.78	0.23	0.79	0.93	1.0		-0.02	0.58	0.6	0.39	AMINX
HCMDX	0.29	0.6	0.28	-0.01	-0.02	-0.02		0.23	0.63	0.48	HCMDX
SHYPX	0.62	0.51	0.5	0.47	0.58	0.58	0.23		0.67	0.11	SHYPX
NASDX	0.86	0.61	0.81	0.6	0.6	0.6	0.63	0.67		0.62	NASDX
DWGFX	0.59	0.13	0.69	0.4	0.39	0.39	0.48	0.11	0.62		DWGFX
	CPATX	FCFWX	GDV	TPPAX	AMANX	AMINX	HCMDX	SHYPX	NASDX	DWGFX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

AMINX	+ 1.0	AMANX
GDV	+ 0.93	CPATX
AMINX	+ 0.93	TPPAX
AMANX	+ 0.92	TPPAX
NASDX	+ 0.86	CPATX
TPPAX	+ 0.81	GDV

High negative correlations

HCMDX	- 0.02	AMINX
HCMDX	- 0.02	AMANX
HCMDX	- 0.01	TPPAX

Risk-Adjusted Indicators

There is a big difference between Counterpoint Mutual Fund performing well and Counterpoint Tactical Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Counterpoint Tactical's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CPATX	0.12	0.00	(0.34)	0.15	0.08	(0.16)	0.27	(0.27)	0.72
FCFWX	0.43	(0.04)	0.00	(0.22)	0.00	0.00	0.65	(0.82)	4.96
GDV	0.60	0.06	(0.03)	1.12	0.69	(0.65)	1.13	(1.18)	2.92
TPPAX	0.44	0.11	0.10	0.33	0.17	(0.50)	0.74	(0.64)	5.86
AMANX	0.64	0.07	0.05	0.18	0.59	(0.71)	1.26	(1.12)	6.39
AMINX	0.64	0.07	0.06	0.18	0.59	(0.71)	1.27	(1.11)	6.51
HCMDX	1.34	(0.06)	0.00	(0.12)	0.00	0.00	2.84	(3.01)	6.93
SHYPX	0.10	0.01	(0.46)	(0.77)	0.00	(0.17)	0.22	(0.11)	0.75
NASDX	0.91	0.07	(0.01)	1.73	1.21	(0.95)	2.19	(2.04)	6.32
DWGFX	0.65	0.06	(0.01)	0.44	0.73	(0.74)	1.46	(1.03)	3.20

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